31 May 2016, GBP/USD
Yesterday the price failed to update High, a little space remained to reach this level, but the pair bounced off it. It is possible that this growth was only a corrective wave 2 and now the pair will decline at a more active pace.
If this assumption is correct, in the near future an impulse drop is expected within the frames of the wave 3 of [iii]. For this reason, I've opened a new Sell trade, my previous trade was closed by a break-even Stop Loss order.